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    Alibaba

    News stories featuring Alibaba:

    Alipay heads to Australia with Commonwealth Bank

    October 31st, 2016

    Alipay has signed a memorandum of understanding (MOU) with Commonwealth Bank of Australia to enable in-store and online payments for Chinese tourists in Australia. “The two companies will work together to make it easier for Australian consumers to pay for purchases made through Alibaba Group’s ecommerce websites,” the bank says. “Commonwealth Bank and Alipay will also work together on a simple payment solution that allows Chinese tourists and Chinese students to use Alipay in-store,” enabling Alipay as a payment option through the bank’s Albert smart payment terminals.

    Gemalto and Alibaba to secure IoT market in China

    October 18th, 2016

    PARTNER NEWS: Digital security giant Gemalto is to provide connectivity and security to Alibaba’s YunOS internet of things (IoT) operating system which is “widely integrated” into mobile devices, and chips and sensors in connected cars and… More

    Ant Financial readying VR payments

    October 13th, 2016

    Alibaba affiliate and Alipay parent company Ant Financial is readying a virtual reality (VR) payment experience that will allow shoppers to pay with a nod of the head. “People using virtual reality goggles to browse virtual reality shopping malls will be able to pay for purchases without taking off the goggles,” Reuters reports. “User identity can be verified on VR Pay via account logins on connected devices or via voice print technology.” VR Pay is expected to be ready for commercial launch by the end of the year. Reports that Alibaba was exploring VR mobile payments emerged in August 2016.

    Alibaba developing VR mobile payments

    August 11th, 2016

    Chinese internet giant Alibaba is developing virtual reality-enabled mobile payment technology, according to China Daily. The company is working on a project that would “allow users to pay bills in a 3D virtual world by nodding their heads or making other gestures to log in payment accounts,” the publication reports. No official release date has been given, though an Alibaba employee has been quoted saying September is a possibility.

    Alibaba unveils connected car with Alipay mobile payments

    July 19th, 2016

    Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform. More

    Samsung Pay expected to enable support for Alipay

    May 19th, 2016

    Samsung and Chinese internet giant Alibaba are to announce a collaboration on mobile payment systems this week, according to Yonhap News Agency. “The partnership with Alipay will allow Samsung Pay users to make payments for their offline purchases using Alipay’s QR codes and barcode scanners,” the publication reports.

    Global mobile payment market to hit $620bn in 2016

    February 4th, 2016

    Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019. More

    Alipay parent seeks $1.5bn investment

    January 7th, 2016

    Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports. “Ant Financial may use money from the current fundraising for acquisitions,” the publication says. Ant Financial made a strategic investment in Indian mobile payment platform Paytm in September 2015 after closing a Series A financing round that valued Ant Financial at more than US$45bn.

    India’s Paytm moves into banking

    November 12th, 2015

    Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year. “The structure of the executive committee for the payments bank is being given shape, while Paytm awaits a final nod from the Reserve Bank of India,” The Times of India reports. The company agreed a “strategic investment” from Alibaba and its affiliate Ant Financial in September.

    Noor Bank offers wearable payments in Dubai

    November 12th, 2015

    UAE’s Noor Bank and Yvolv, a joint venture between Alibaba and Dubai holding company Meraas, have introduced Yvo, a mobile app that allows users to make in-store payments using mobile phones and wristbands. “Users will have an option to top-up their Yvo Mobile Wallet using cash, their existing credit cards, direct bank account transfers or by transferring funds from one wallet to another,” Emirates news agency WAM reports.

    Alibaba and Ant Financial make “strategic investment” in India’s Paytm

    September 29th, 2015

    Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications…. More

    China’s FiiSmart to develop smartwatch that supports Alipay

    September 28th, 2015

    Shenzhen-based wearable device maker FiiSmart has launched a campaign on ecommerce giant Alibaba’s Taobao Crowdfunding website for a smartwatch that will support Ant Financial’s mobile payment platform Alipay and allow its wearers to make payments… More

    McDonald’s to accept Alipay in more than 2,100 restaurants in China

    September 24th, 2015

    Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants. The roll-out… More

    China moves to open up mobile payments services

    August 4th, 2015

    People’s Bank of China has proposed new regulations that could force internet companies Alibaba, Tencent and Baidu to offer each others’ online payment services alongside their own. “If payment services from social networking and online entertainment firm Tencent and search firm Baidu are offered on Alibaba’s ecommerce sites, users could opt to use those,” Reuters reports. “Alternatively, Alipay could cement its dominance if customers opt to use it on rivals’ platforms.”

    Reserve Bank of India asked to increase mobile wallet limit

    July 17th, 2015

    One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157). “One97 Communications, which has investment from the Alibaba group, is also building a mobile marketplace and aims to have half a billion Indians on the Paytm platform before 2020,” Times of India reports.

    Alipay 9 launches with support for Koubei merchant payments and P2P transfers

    July 8th, 2015

    Ant Financial has released a new version of its Alipay app for iOS and Android, adding new Friends and Merchants tabs that provide support for peer-to-peer payments and for Koubei, the US$1bn mobile commerce joint venture between Ant Financial and Alibaba that was announced last month. More

    KFC China restaurants to accept Alipay mobile payments next month

    June 30th, 2015

    Nearly 5,000 KFC China fast food restaurants will accept Alipay mobile payments next month, following in the footsteps of Walmart which is rolling out support for the service in all of its Chinese stores by the… More

    Alibaba and Ant Financial invest nearly $1bn in Koubei mobile commerce platform

    June 24th, 2015

    Chinese e-commerce giant Alibaba and Alipay parent Ant Financial have each invested RMB3bn (US$483m) into Koubei, a joint venture that will let consumers order and pay for local services in China using their smartphone, “with an… More

    Face++ raises $25m for selfie payments

    May 19th, 2015

    Face++, the Chinese facial recognition technology startup behind Alibaba’s selfie payments service, has secured an additional $25m in a series B funding round, taking the total raised to $47m. Existing investors Qiming Venture Partners and Innovation Works contributed to the round, the company told TechCrunch.

    Alibaba signs up brands for QR-like dotless visual codes

    May 18th, 2015

    Chinese ecommerce giant Alibaba has launched a platform for brands and product manufacturers that will enable them to place “dotless visual codes” on product packaging so that consumers can scan to check a product’s authenticity… More

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